Please use this identifier to cite or link to this item: https://doi.org/10.1016/j.telpol.2009.02.003
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dc.titleDirect network effects, small-world networks, and industry formation
dc.contributor.authorFunk, J.L.
dc.date.accessioned2014-06-18T04:54:03Z
dc.date.available2014-06-18T04:54:03Z
dc.date.issued2009-06
dc.identifier.citationFunk, J.L. (2009-06). Direct network effects, small-world networks, and industry formation. Telecommunications Policy 33 (5-6) : 241-252. ScholarBank@NUS Repository. https://doi.org/10.1016/j.telpol.2009.02.003
dc.identifier.issn03085961
dc.identifier.urihttp://scholarbank.nus.edu.sg/handle/10635/67719
dc.description.abstractThis paper addresses the formation of industries that involve direct network effects. Using two concepts from the literature on network effects (critical mass and inverse demand curves) and descriptive data from the formation of five telecommunication-related industries, this paper argues that a critical mass of users was created multiple times in these industries where multiple critical masses of users can be represented as local maximums in an inverse demand curve. The existence of these multiple local maximums reflects the existence of different sub-populations of users within a total population of potential users where these populations of users can be considered small-world networks. Initially the different sub-populations represent fragmented networks of users that are served by fragmented networks of firms. Over time connected networks of both firms and users emerge. © 2009 Elsevier Ltd. All rights reserved.
dc.description.urihttp://libproxy1.nus.edu.sg/login?url=http://dx.doi.org/10.1016/j.telpol.2009.02.003
dc.sourceScopus
dc.subjectCritical mass
dc.subjectFacsimile
dc.subjectInternet mail
dc.subjectInverse demand curve
dc.subjectNetwork effects
dc.subjectSmall-world networks
dc.subjectTelephone
dc.subjectVideo
dc.subjectWireless
dc.typeArticle
dc.contributor.departmentDIVISION OF ENGINEERING AND TECH MGT
dc.description.doi10.1016/j.telpol.2009.02.003
dc.description.sourcetitleTelecommunications Policy
dc.description.volume33
dc.description.issue5-6
dc.description.page241-252
dc.description.codenTEPOD
dc.identifier.isiut000266839300001
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